The main purpose of the Bill is to change the leadership and governance of the Australian Prudential Regulation Authority arising from the recommendations contained in the report of the HIH Royal Commission

To remove constitutional doubts about the framework for corporate regulation by substantially re-enacting the Australian Securities and Investments Commission Act 1989 based on powers referred by the States.

Creates the statutory Australian Climate Change Authority (the Authority), which is intended to act as an independent body providing the Government with expert advice on key aspects of the carbon pricing mechanism and mitigation goals.

To provide for greater competition in the provision of value added services and private network services. The Bill will also reserve certain telecommunication services for Telecom, OTC and AUSSAT, and establish the Australian Telecommunications Authority as a statutory corporation responsible for the regulation of the telecommunications industry.

To provide for greater competition in the provision of value added services and private network services. The Bill will also reserve certain telecommunication services for Telecom, OTC and AUSSAT, and establish the Australian Telecommunications Authority as a statutory corporation responsible for the regulation of the telecommunications industry.

Will establish new offences of forced labour, forced marriage, organ trafficking and harbouring a victim. The Bill will also modify the scope and application of existing offences of slavery, deceptive recruiting, sexual servitude and trafficking in persons

To provide new protections against discrimination on the basis of a person’s sexual orientation, gender identity and intersex status; provide protection against discrimination for same-sex de facto couples.

Inquire into major transport security incidents and patterns or series of incidents that point to a systemic failure or possible weaknesses or vulnerabilities in aviation and maritime transport and security regulated offshore facilities.

To make it unlawful, in a limited number of circumstances, to discriminate on grounds of disability and establish within the Human Rights and Equal Opportunity Commission the office of Disability Discrimination Commissioner.